date:Jul 28, 2012
priced in, and that the historically high prices have choked off demand.
Prime Ag Consultants analyst Paul Beere attributed Friday's gains to nothing more than a bounce from previous losses this week. The area of concern for this year's corn crop is shrinking, he said.
At the end of the day I'd rather be short than long going into the weekend, he said.
Beere added that premiums for December call options fell substantially on Thursday, which is a sign that market sentiment is shifting. Calls